About ALLETE (NYSE:ALE)

ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 megawatt of wind energy generation. Further, it offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, the company is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 167 substations with a total capacity of 8,540 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, pipeline, and other industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

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Profitability

Miscellaneous

ALLETE (NYSE:ALE) Frequently Asked Questions

What is ALLETE's stock symbol?

ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE."

How often does ALLETE pay dividends? What is the dividend yield for ALLETE?

ALLETE announced a quarterly dividend on Wednesday, April 25th. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.56 per share on Friday, June 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Monday, May 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) posted its quarterly earnings data on Wednesday, May, 2nd. The utilities provider reported $0.99 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.98 by $0.01. The utilities provider earned $358.20 million during the quarter, compared to the consensus estimate of $355 million. ALLETE had a return on equity of 8.40% and a net margin of 12.34%. ALLETE's revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. View ALLETE's Earnings History.

When is ALLETE's next earnings date?

What price target have analysts set for ALE?

6 equities research analysts have issued twelve-month price objectives for ALLETE's stock. Their forecasts range from $63.00 to $78.00. On average, they expect ALLETE's stock price to reach $70.9167 in the next twelve months. View Analyst Ratings for ALLETE.

Has ALLETE been receiving favorable news coverage?

Media headlines about ALE stock have been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ALLETE earned a media sentiment score of 0.04 on Accern's scale. They also assigned media headlines about the utilities provider an impact score of 45.89 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Which institutional investors are selling ALLETE stock?

ALE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Sei Investments Co., Millennium Management LLC, Victory Capital Management Inc., Franklin Resources Inc., Principal Financial Group Inc., Principal Financial Group Inc. and JPMorgan Chase & Co.. Company insiders that have sold ALLETE company stock in the last year include James J Hoolihan and Madeleine W Ludlow. View Insider Buying and Selling for ALLETE.

Which institutional investors are buying ALLETE stock?

ALE stock was purchased by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Polaris Capital Management LLC, Northern Trust Corp, American International Group Inc., The Manufacturers Life Insurance Company , Shelter Harbor Advisors LP, Russell Investments Group Ltd. and Dean Investment Associates LLC. View Insider Buying and Selling for ALLETE.

How do I buy shares of ALLETE?

Shares of ALE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is ALLETE's stock price today?

One share of ALE stock can currently be purchased for approximately $75.66.

How big of a company is ALLETE?

ALLETE has a market capitalization of $3.84 billion and generates $1.42 billion in revenue each year. The utilities provider earns $172.20 million in net income (profit) each year or $3.19 on an earnings per share basis. ALLETE employs 2,017 workers across the globe.

MarketBeat Community Rating for ALLETE (ALE)

MarketBeat's community ratings are surveys of what our community members think about ALLETE and other stocks. Vote "Outperform" if you believe ALE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALE will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

ALLETE (NYSE:ALE) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

6 Wall Street analysts have issued ratings and price targets for ALLETE in the last 12 months. Their average twelve-month price target is $70.9167, suggesting that the stock has a possible downside of 6.32%. The high price target for ALE is $78.00 and the low price target for ALE is $63.00. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."

Dividends

ALLETE (NYSE:ALE) Dividend Information

ALLETE pays an annual dividend of $2.24 per share, with a dividend yield of 2.96%. ALE's next quarterly dividend payment will be made on Friday, June 1. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 3.00% each year. ALLETE pays out 70.22% of its earnings out as a dividend.